India’s Credit Conundrum: Why Slowing Bank Loans Threaten a $5 Trillion Economy
India aims to become a developed nation by 2047. A key hurdle is its relatively low bank credit-to-GDP ratio. This ratio currently sits near 55%. Experts say it must reach 60-65% to fuel the necessary growth.This challenge comes as Indian corporations are actively finding alternatives to traditional bank loans. They are turning to bonds and … Read more